Coty Inc (COTY) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Coty Inc (COTY) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.12. The company posted revenue of $950.70 million in the period, compared to analysts expectations of $970.73 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Coty Inc. Coty Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 18, 2016. Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .Shares were Reiterated by B. Riley & Co. on Feb 5, 2016 to “Sell” and Lowered the Price Target to $ 20 from a previous price target of $21 .

Coty Inc opened for trading at $30.79 and hit $31.6025 on the upside on Monday, eventually ending the session at $31.06, with a gain of 2.17% or 0.66 points. The heightened volatility saw the trading volume jump to 21,93,719 shares. Company has a market cap of $10,472 M.

In a different news, on Dec 10, 2015, Robert S Singer (director) sold 8,335 shares at $27.15 per share price. According to the SEC, on Nov 24, 2015, Mario Reis (EVP, Supply Chain) purchased 10,000 shares at $28.07 per share price. On Nov 17, 2015, Erhard Schoewel (director) sold 1,539 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of men’s and women’s products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Company’s top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.

Coty Inc

Leave a Reply

Coty Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Coty Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.